Bristol Myers Squibb Raises Quarterly Dividend by a Penny

By Terell Wright

Bristol Myers Squibb raised its quarterly dividend by 1.6% to 63 cents a share from 62 cents a share.

The new payout, equal to $2.52 per share a year, represents a 4.9% annual yield, based on the stock's Wednesday closing price of $51.21.

The pharmaceutical company said the dividend will be paid on Feb. 2 to shareholders of record as of Jan. 2.

The company's board also declared a quarterly dividend of 50 cents a share on its convertible preferred stock, payable March 2 to stockholders of record on Feb. 3.

Write to Terell Wright at [e-mail]

(END) Dow Jones Newswires

12-10-25 1720ET